US beats jobs forecast again but with cooling wages
US job creation beats expectation in December coming in at 223,000 Vs expectations of 203,000. This showed a stronger economy with more people employed but what investors were really looking into was the average hourly earnings figure which declined more than expected into the end of the year. This framed an economy in which employment remains strong with wages coming down which could slow inflation without tipping the US into a recession. This was the scenario that investors took from the announcement and is what made the global stock market rally on the news.